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State Researchers Pinpoint True Cost Of College Education
SAN FRANCISCO (KCBS) – In a draft report obtained by KCBS, researchers at the California Postsecondary Education Commission have outlined the costs for a year at a UC or CSU campus. KCBS’ Holly Quan...
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For-Profit Colleges May Lose Cal Grant Eligibility
SACRAMENTO (CBS / AP) — Many for-profit career colleges could lose their eligibility for California higher-education grants under new rules proposed as part of legislation to close the state’s massive...
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ConsumerWatch: More College Grads Struggling To Pay Student Loans
SANTA ROSA (CBS 5) – A growing number of college graduates are having trouble paying their student loans. Defaults are up dramatically, and some experts think it’s going to get worse as the economy...
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KCBS Cover Story: Interest Rate Hike Imminent On Thousands Of Student Loans
SAN FRANCISCO (KCBS) – The clock is ticking for students who have taken out subsidized federal loans for college as an interest rate reduction is set to expire. In California, over 572,000 students...
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California Lacks Plan To Pay For Middle Class Scholarship Act
SACRAMENTO (KCBS) – The California Assembly has approved a bill to cut the cost of attending a California public university for middle class students who make too much money to qualify for financial...
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Market Rates For The Middle Class
With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market...
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No Tuition Hike For UC Students
BERKELEY (AP) — The president of the University of California will not request a hike in tuition. UC Regents had been expected to raise tuition next month. Regents for the 10-campus university system...
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Report Finds College Still A Good Investment For Californians
SAN FRANCISCO (KCBS) – Despite rising tuition and growing student loan debt, college is still a good investment, according to a new report. The Public Policy Institute of California, a San...
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ConsumerWatch: Program Helps Public Servants Forgive Student Loans
SAN FRANCISCO (KPIX 5) — College debt means dreams delayed for many graduates. A little-known program could help many former students get off the hook for their debts. With the average loan debt at...
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Campaign To Reduce Student Loan Debt Kicks Off In Oakland
OAKLAND (KCBS)— California educators have joined a national effort aimed at reducing student loan debt and making college more affordable for families. The “Degrees Not Debt” campaign kicked-off this...
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College Affordability: Know Your Federal Student Loan Repayment Options
Photo Credit Thinkstock In 2013, the median weekly earnings of a worker with a bachelor’s degree was $1,108. Compare this to the worker with only a high school diploma whose median weekly earnings...
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Hayward Man Sentenced To Federal Prison For Student Loan Fraud Scheme
OAKLAND (CBS SF) — A federal judge in Oakland sentenced a 29-year-old man to 37 months in prison Friday for defrauding the government out of more than $500,000 in student loans, according to the U.S....
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Corinthian College Student With $30,000 In Loans Refuses To Pay, Takes Part...
http://media.sanfrancisco.cbslocal.com/CBSSF_0303201518251975942AA.mp4 SAN FRANCISCO (KPIX 5) – Makenzie Vasquez never thought she would still be wearing a waitress uniform, two years after she...
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Tax Tips: What All New College Grads Need To Know
Photo Credit Thinkstock Did you graduate from college in 2014? Congratulations! It probably feels great to be done with school, but there’s one more quick course you should take this spring. Welcome,...
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Nearly One Third Of Parents Paying Back Student Loans
SAN FRANCISCO (KCBS) — A recent survey finds a large percentage of parents are paying back student loans—either their own loans, or those of their children. The T-Rowe Price survey found 28-percent of...
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Being Unable To Pay Back Student Loans Back Has Become The New Normal
SAN FRANCISCO (KPIX 5) — The number of students who are unable to pay back their college loans is skyrocketing. According to the U.S. Department of Education, at least half of the students at 1,000...
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How Student Loan Debt Can Affect Your Tax Return
By Mario McKellop According to Forbes, the average college student graduating in 2016 will leave academia with a degree and $37,000 in student loan debt. While finding a way to pay back that debt will...
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Loan Refinancing Is Helping Students Dig Their Way Out of Debt
SANTA ROSA (KPIX 5) — A San Francisco startup says it can slash student loan payments. For many, graduation marks the end of college and the beginning of paying down college debt. It’s estimated nearly...
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GOP Tax Bill Would Kill Deduction For Student Loan Interest
WASHINGTON (AP) — Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill, a proposal that education advocates say will make college...
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Students Defrauded By For-Profits May Not Get Full Relief
WASHINGTON (AP) — Students who were defrauded by the for-profit Corinthian Colleges may not get their loans forgiven entirely, the Education Department announced Wednesday, in a reversal of the Obama...
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